Myer Group: Strategic Execution Supports Growth and Stability in 1H26
Myer Holdings Limited (ASX: MYR) reported a solid 1H26 performance, with total sales increasing 24.5% to AU$2,279.5 million, while operating gross profit rose 35.1% to AU$886.0 million. Underlying EBIT grew 10.5% to AU$112.8 million, and underlying NPAT increased 21.7% to AU$51.7 million, with statutory NPAT up 32.8% to AU$40.3 million. The company maintained strong financial discipline, with cost of doing business at 27.9% of total sales and a net cash position of AU$287 million.
Strategically, Myer strengthened its offering through new and exclusive fashion and beauty brand partnerships and continued progress in integrating Myer Apparel Brands, with synergies being realised.
In the first seven weeks of 2H26, total Group sales rose 1.7% year-on-year. Myer Retail sales increased 2.2%, supported by double-digit growth in Home and Kids, along with strong Marketplace performance. Myer Apparel Brands sales declined slightly by 0.4%, although Just Jeans delivered strong growth of 9.8%. The company continues to target cost of doing business at approximately 29% of total sales.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Myer Group: Strategic Execution Supports Growth and Stability in 1H26
Myer Holdings Limited (ASX: MYR) reported a solid 1H26 performance, with total sales increasing 24.5% to AU$2,279.5 million, while operating gross profit rose 35.1% to AU$886.0 million. Underlying EBIT grew 10.5% to AU$112.8 million, and underlying NPAT increased 21.7% to AU$51.7 million, with statutory NPAT up 32.8% to AU$40.3 million. The company maintained strong financial discipline, with cost of doing business at 27.9% of total sales and a net cash position of AU$287 million.
Strategically, Myer strengthened its offering through new and exclusive fashion and beauty brand partnerships and continued progress in integrating Myer Apparel Brands, with synergies being realised.
In the first seven weeks of 2H26, total Group sales rose 1.7% year-on-year. Myer Retail sales increased 2.2%, supported by double-digit growth in Home and Kids, along with strong Marketplace performance. Myer Apparel Brands sales declined slightly by 0.4%, although Just Jeans delivered strong growth of 9.8%. The company continues to target cost of doing business at approximately 29% of total sales.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au